AR Senior Analyst

LyondellBasell is a leader in the global chemical industry creating solutions for everyday sustainable living. With a nearly 70-year legacy that includes a Nobel Prize in Chemistry and our proprietary MoReTec recycling technology, LYB is enabling a more sustainable future for generations to come. LYB develops high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. LYB places high priority on diversity, equity and inclusion and is Advancing Good with an emphasis on our planet, the communities where we operate and our future workforce. We're addressing the global challenges of ending plastic waste, taking climate action, and supporting a thriving society, while generating value for our customers, investors, and society.

Come Join an Inclusive Team

• The Senior AR Analyst position will report directly to the AR Manager/Team lead in Europe/NA/ASIA/AFMEI. The position key responsibilities are cash app, billing, rebates and agent commission calculations.
• The Senior AR Analyst position is responsible for the correct execution and performance of the Cash Application process on time and right first time and related issues resolution and leverage the system functionality to promote automation.
• The Senior AR Analyst position is responsible for third party customer invoices to ensure they are issued timely and accurately and for issuing manual invoices for miscellaneous activities upon request and follow up on non-billed deliveries with internal stakeholders and ensure a smooth month end close process.
• The Senior AR Analyst position responsibility includes manual rebate set up, manual accrual process, rebate settlement process and credit note issuance process and coordinate the quarterly rebate review validation process with internal stakeholders to ensure accurate reporting.
• The Senior AR Analyst performs KPI root cause analysis to support/drive improvements and proposes solutions to structural issues and provides support, training and guidance to other members of the team.
• The Senior AR Analyst should develop the relationship with business partners such as the Global Credit, Supply Chain, Sales, Tax and drive automation into the Rebate process, discuss issues at internal meetings to ensure alignment and manage expectations of internal customers.

A Day in the Life

• Analyze daily items that remain unposted or unclear during the cash application process and performs analysis to identify issues and propose possible solutions to improve performance and automation of AR cash application process.
• Retrieval and timely application of lock box and bank statements, identifying chargebacks, discount allowances, and making the necessary adjustments to A/R.
• Balancing and reconciling cash general ledgers which includes identifying and resolving discrepancies.
• Monitor billing invoice due lists, address issues and ensure resolution of queries prior to month end close.
• Record Journal entries for miscellaneous 3rd party invoices and file appropriate documentation.
• Run control reports daily, to check accuracy of E-Billing set-ups and liaise on changes with the Master Data team.
• Check and envelope invoices for assigned countries and process E-Billing documents.
• Issue invoices, cancel/rebill and credit/debit notes upon request from Customer Service.
• Create and review rebate agreements, book appropriate manual accruals, prepare rebate proposals and issue credit notes after approval.
• Interacts with Sales and Business/Marketing to get agreement on complex rebates.
• Monitor commission balance sheet account, analyze the difference between accrual and payout and propose commission. Initiates proposed payment for approval based on contract.
• Review, maintain, and recommend/implement changes to AR procedures to promote efficiency and to ensure global standardization.
• Prepares Global AR related accounts Account Reconciliations in Certification. Performs analysis of open and aged items. Reports reconciling items for follow up based on identified discrepancies.
• Perform Joint Venture reconciliations, cash clearings, booking of service claims.
• Prepares Global AR related Account Reconciliations by analyzing open and aged items. Reports reconciling items based on Account Reconciliation policy and follows up with responsible parties for resolution of unexplained balances.
• On a quarterly basis aids and necessary documentation and reports to external Auditors (PwC) in support of regular SOx Audits and Revenue Recognition Audits.
• Focal point on SAP quarterly release process for AR activities regression testing as well as cross departmental testing and enhancements.
• Identifies system improvements and develops BRD